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Fri 02 Feb 2009Anglo loaned €451m to 10 clients to buy bank shares
Anglo Irish Bank lent €451 million to ten clients to buy shares to support its share price last year, the bank said today.
The amount loaned for this purpose is 50 per cent higher than earlier estimates of €300 million of borrowings by ten unnamed individuals to purchase up to 10 per cent of businessman Sean Quinn’s holding in the bank via contracts for difference.
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